Sunpointe LLC Takes Position in Carnival Corporation $CCL

by · The Cerbat Gem

Sunpointe LLC acquired a new stake in Carnival Corporation (NYSE:CCL – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 47,300 shares of the company’s stock, valued at approximately $1,330,000.

Other institutional investors also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new stake in shares of Carnival in the 4th quarter valued at $30,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Carnival in the 1st quarter valued at $25,000. Graybill Wealth Management LTD. purchased a new stake in shares of Carnival in the 1st quarter valued at $26,000. Zions Bancorporation National Association UT bought a new stake in Carnival during the 1st quarter valued at $35,000. Finally, Wealthquest Corp bought a new stake in Carnival during the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total transaction of $371,875.00. Following the sale, the director directly owned 64,406 shares of the company’s stock, valued at approximately $1,916,078.50. This represents a 16.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 7.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CCL shares. Zacks Research lowered shares of Carnival from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Loop Capital reiterated a “hold” rating and set a $22.00 price target on shares of Carnival in a report on Monday, June 23rd. Barclays upped their price target on shares of Carnival from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Wednesday, June 25th. Melius Research upped their price target on shares of Carnival from $30.00 to $36.00 and gave the company a “buy” rating in a report on Monday. Finally, Stifel Nicolaus upped their price target on shares of Carnival from $33.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.42.

Read Our Latest Research Report on CCL

Carnival Stock Down 0.2%

NYSE:CCL opened at $31.19 on Wednesday. Carnival Corporation has a 1-year low of $15.07 and a 1-year high of $32.80. The firm’s 50-day moving average price is $30.27 and its 200-day moving average price is $24.66. The company has a market capitalization of $36.41 billion, a PE ratio of 16.86, a P/E/G ratio of 0.70 and a beta of 2.70. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30.

Carnival (NYSE:CCL – Get Free Report) last announced its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.24 by $0.11. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The company had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the firm posted $0.11 EPS. Carnival’s revenue for the quarter was up 9.5% on a year-over-year basis. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. On average, equities analysts predict that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Carnival Profile

(Free Report)

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.

See Also

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